Unexpected Loss For Groupon
Posted on February 28, 2013 at 11:39 AM EST
Groupon Inc. (Nasdaq: GRPN) disappointed with an unexpected loss for the fourth quarter of 12 cents per share compared with a loss of 12 cents per share last year and forecast current quarter revenue below analyst estimates prompting downgrades. Shares of the online daily deals company plunged $1.15 to $4.83.
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